Crypto Bounces, Polygon Migrates to POL
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CRYPTO MARKET UPDATE In stark contrast to the recent BLS job number revisions, the government revised its Q2 GDP estimate higher this morning to 3%, leading to a jump in rates and the DXY. However, this data also apparently boosted confidence in the soft landing trade, as rate-sensitive indices like IWM are outpacing ^SPX -0.26% and QQQ -0.26% . Chip-adjacent stocks are also performing well, spurred by another earnings beat from NVDA -1.65% , benefiting...
MARKET UPDATE U.S. EQUITIES ARE DECLINING AHEAD OF NVIDIA EARNINGS LATER TODAY, WITH THE SPY -0.26% DECREASING TO $558.53, WHILE THE NVIDIA-HEAVY QQQ -0.26% HAS DROPPED TO $472.20. The crypto market has suffered from large amounts of liquidations over the last 24 hours, totaling over $355 million as yesterday evening, BTC 1.04% fell swiftly from $62k down to $58k while ETH 1.05% made a similar move, falling from $2.6k to $2.4k in less than...
CRYPTO MARKET UPDATE Despite a $200 million inflow into BTC ETFs yesterday, crypto prices have declined over the past 24 hours. BTC 1.04% has fallen back below $62K, ETH 1.05% is under $2,600, and SOL 2.58% is just below $155. Only a few coins are in the green today, including TON 182.37% , rebounding from its recent selloff, MKR 0.43% , following its major rebrand announcement, and STX 0.07% , likely benefiting from the ongoing activation of the Nakamoto...
MARKET UPDATE CRYPTO MARKETS EXTENDED LAST WEEK’S RALLY OVER THE WEEKEND, WITH BTC 1.04% BRIEFLY RISING ABOVE $65K AND ETH 1.05% ABOVE $2.8K. They have trimmed some of their gains, with Bitcoin trading at $63.3k and Ethereum slightly above $2.7k. AI-related tokens have been outperforming ahead of Nvidia earnings set for this Wednesday. FET 1.16% , RNDR, and AKT 4.22% have gained 69%, 38%, and 25%, respectively over the last seven days. U.S. equities are...
